International business - Research Paper Example

International Business Table of Contents Introduction 3 Economic and political climate for foreign business 3 Methods for marketing and distribution 4 Managerial and labor climate 5 Reference 7 Introduction Globalization has been effective in providing stimulus for multinational organizations to conduct international businesses…

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The analysis has been done in terms of the nations’ political and economic climate, their methods of marketing and distribution and also the labor climate in the two countries. Economic and political climate for foreign business Singapore has an extremely successful and developed free market economy. It also offers a corruption free and open environment where prices remain stable and the per capita GDP growth also remain high in comparison to other developed nations. The economy’s high dependence on exports of products like electronic and information technology products, pharmaceutical and growth in financial services make it a popular place for conducting business. The nation has demonstrated a GDP growth of 7.1% between the years 2004 and 2007 (CIA, “Economy - overview:”). On the other hand Hong Kong also demonstrates a free market economy which depends highly on international finance and trade. The nation’s open economy was however greatly affected by the global economic recession which makes it a less popular place, in comparison to Singapore for doing business. The residents of Hong Kong can establish RMB denominated savings accounts, the RMB denominated corporate, and the Chinese government bonds have also been issued in the nation. Moreover, the RMB trade settlement has also been allowed in Hong Kong. The nation has a GDP growth rate of 3.8% between 1989 and 2010, however the growth gradually slowed down in the year 2009 (CIA-a, “Economy - overview:”). It is apparent that the higher GDP growth of Singapore in comparison to Hong Kong coupled with a free market economy makes it more popular for conducting business operations. Also the nation’s growth in the financial sector and high dependence on trade and finance compliments the same. Methods for marketing and distribution With improvement of the Singapore economy there has been an increasing amount of affluent consumers who are able and willing to spend and consume more. In addition to this a number of new shopping malls like the VivoCity, Ang Mo Kio Hub and Central have emerged which have further added stimulus to the retail sector since 2007. The existing shopping malls like Centrepoint, White Sands and Tampines Mall have also been revamped, with the new extensions established to accommodate more number of retailers for remaining competitive. The inflows of new retailers in the selling spaces have further attracted more consumers who have been increasingly visiting them. This had boosted their growth further in 2007 (Laposte, “Singapore”). There are two different categories of consumers in the country Hong Kong. There are the local consumers, who account for 6.5 million numbers, while on the other hand the tourists, who are avid lovers of the luxury items. The tourism sector generates greater than ten billion USD of income every year. It must be noted that tourists who come for shopping in Hong Kong are primarily Chinese from Mainland. The distribution network comprises of many medium and small family-type enterprises which try to remain in groups. The larger stores like the Lane Crawford, Sogo or display a very upscale image while the supermarkets and the neighboring stores like Wing on, Jusco and Sincere remain more profitable for making bulk products. The second market is more dominated by duopoly by Wellcome and Park'n shop. Hong Kong also has a number of discount stores
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...are reflected in Michael Porter’s Diamond model. It discusses the significant factors that we should study in an internationalbusiness. These factors are demand condition, related supporting industry, firm’s strategy, infrastructure and rivalry, factor condition, and government. Demand condition reflects greatly on PCI’s case. The demand in a country is not always the same with another country. For example, the variety of design and capacity production. Related supporting industry needs to be studied because we need to calculate the best profit-maximizing cost for the raw materials and machines. Firms need to research the competitors and find a strategy to get into the market....

...? InternationalBusiness Merger and Acquisition Globalization and liberalization have brought huge changes in business world and the evolution of newbusiness strategies is one among them. Competition is intensifying in global market because of the increased readiness of the countries in attracting foreign direct investment as a mean to enhance economic growth. Political differences or cultural differences are not providing any obstacles in front of international companies in diversifying their business to overseas countries. It should be noted that plenty of American companies are currently operating in China. Same way plenty of Chinese companies are operating in America at present. In short, internationalbusiness is facing fewer... ...

...With reference to international trade and investment theory, briefly outline the main purpose of the European Union and the significance of the Single European Market for an EU-based business. International trade is the exchange of goods and services between countries. International trade is distinguished from domestic trade since it takes place entirely within a single country. International trade is sometimes called as ‘world trade’ or ‘foreign trade’ (International Trade). While studying about the investment theory we need to analyze why nation’s trade and gain a competitive advantage, why and how firms internationalize and how do...

...? Internationalbusiness Role of World Trade Organization on the internationalbusiness arena WTO is an international organization focused on trade relations between different nations (Kline, 2005, p. 43). WTO agreements provide details on trade rules in the international arena. In such a way WTO tempers challenges of international trade, because WTO’s regulations are developed in accordance with the needs of a certain country and are ratified by parliaments of the countries. 2. Four determinants of national competitive advantage There are four determinants that make country competitive (Porter): “factor conditions,...

...?Running Head: InternationalBusinessInternationalBusiness [Institute’s Executive Summary The recent phenomenon of globalization has completely turned the world around. The research has showed that internationalbusinesses have significantly increased, in the sense that there has been increasing growth in multinationals. However, it also was an observation that only a few countries have benefited from this neo-liberal policy. In addition, in the globalized world, it is ‘the survival of the fittest’. InternationalBusiness At the turn of the 20th century, new approaches to the world occurred. The Cold...

...? Topic: InternationalBusiness. “Multinational firms are a source for progress”. Discuss. The world has seen a growing trend of more and more numberof multinationals being set up in the recent years. Thirty years ago there were 7,000 multinationals worldwide and now there number has increased to more than 60,000. By the year 2000, thousand of the world’s largest multinationals accounted for nearly 80% of the world’s industrial output and the top hundred of these firms contributed to 4.3 % of world’s total Gross Domestic Product. Multinationals are a source of great opportunities for the host country as well as themselves. Multinationals are powerful companies employing many people and earning a lot of money. Often their location... and...

... are able to lower their operation cost by outsourcing. The use of outsourcing helps companies stay in business which is protecting jobs in America. Lower prices are achieved in the consumer markets due to the use of international trade. Countries are able to establish political ties with other countries by becoming trading partners. The use of international trade helps the global economy achieve growth. Overall the perspective of the uncle is too one sided. The uncle is looking at the problem from only one dimension. International trade can have an adverse effect in the job creation in America, but only in certain industries. From a social perspective international trade is helping a lot of poor countries improve the state... ?The United s...

...? InternationalBusiness Introduction Apple Inc is an international organization which originated in America. It was founded by Steve Jobs in the year 1976 (Apple, 2013a). The company is presently headquartered at California, USA. The company deals with manufacturing and production of computer software and advanced technological electronics. Apple markets and develops laptops, desktop computers, mobile communication devices, portable music players and many other digital gadgets. Devices such as IPhone, Ipad, Mac OS, Ipod are some of the invigorating products of Apple. Apart from the hardware category, the company also has a strong presence in the field of engineering and software...

...? InternationalBusiness Introduction Toy industry is one of the growing industries of the world. It encompasses both electronic and non electronic toys and games. The global toy industry is not just associated with games and fun, rather it is dubbed as one of the hypercompetitive industries. The sector is characterized by secret product development practices and occasional indictment of corporate surveillance. Some of the major players in this industry are Hasbro, MGA Entertainment, Matteland, LEGO, Namco Bandai, Sanrio, Barbie and Steiff among others. In addition, the gaming hardware division sometime also comes under the toy industry. In this segment, Nintendo, Sony and Microsoft are the major players...

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